Energy Aspects offers high-frequency research coverage of the global natural gas markets, led by Trevor Sikorski. We publish a comprehensive suite of reports combining data analysis, market fundamentals and forward-looking commentary. Our experienced analysts provide the information and insight you need to stay ahead of the global natural gas markets.
June was a strong month for LNG imports in the main demand centres, with Asian demand strong as Chinese imports continued to rocket higher. China imported 3.04 Mt of LNG in June, higher y/y by a very strong 0.83 Mt (38%), while YTD imports are also 4.41 Mt (38%) higher y/y. Growth continued to be..
The Permian basin has seen incredible oil output growth in recent years, from an average of 1.3 mb/d in 2013 to around 2.0 mb/d in 2016. This growth corresponds to an uptick in associated gross natural gas production from an average of around 4.1 bcf/d in 2013 to over 7.2 bcf/d in early 2017. We..
Indicative data for June show Latin American LNG imports expanding by 0.40 Mt y/y to 2.04 Mt. Half of this growth was accounted for by the Dominican Republic, which imported 0.2 Mt more y/y. Of the major importers, Mexico posted the largest gains, taking 0.14 Mt more y/y on some domestic pipeline..
Energy Aspects expects tomorrow’s EIA storage number to be a 27 bcf injection. Our forecasts for the next three storage weeks are injections of: 26 bcf, 38 bcf, and 36 bcf. This forecast brings end-July stocks to 3.02 bcf, which is 103 bcf higher than the five-year norm and 263 bcf lower y/y. Fo..
Against a background of Northeast Asian LNG prices remaining stuck firmly in the 5–6 $/mmbtu range, as they have been since the end of February, some big developments were seen in the global gas market. Following on from last month’s diplomatic isolation by a number of other Arab states, led by..
An outage that cut processing capacity at Norway’s Kollsnes plant by up to 26.5 mcm/d pushed up prompt and near-curve prices last week. Aggregate Norwegian supply dropped to just over 0.31 bcm/d when the outage began on 17 July, some 20 mcm lower than the day before. NBP D+1 prices reacted by ga..
China imported 3.04 Mt of LNG in June, higher y/y by a very strong 0.83 Mt (38%). Growth continued to be driven by high volumes from Qatar and Australia, with the former up by 78% y/y to 0.32 Mt (despite being the highest priced source at 9.36 $/mmbtu) and the latter up by an impressive 73% y/y t..
MENA imports of LNG rose sharply m/m to 2.11 Mt, higher y/y by 0.37 Mt. This is the strongest y/y growth so far in 2017 and comes after a large y/y decline in May, but it is on a modest base from June 2016 when UAE imports were limited. The region will struggle to maintain the y/y growth through..
In early July, Pakistan’s Petroleum Minister announced that his country was setting a target to import 30 Mt of LNG by 2022. This is hugely ambitious for a country that only started importing LNG in 2015 and imported just 3.2 Mt in 2016. To meet this goal, Pakistan will need to add more regasifi..
Indian LNG imports dropped by 0.18 Mt (12%) y/y to 1.3 Mt in June, the second lowest monthly level seen since January 2016. Landed LNG prices for June delivery averaged 5.37 $/mmbtu, down by 25 cents m/m. LNG imports in India often slow once prices step above 5 $/mmbtu, and this year’s prices are..
Following two months of annualised increases, Japanese LNG imports fell marginally y/y in June by 0.08 Mt to 6.19 Mt. Over the first half of the year, Japan imported a total 43.2 Mt of LNG, compared to 40.9 Mt over H1 16. While LNG imports fell slightly in June, thermal coal imports rocketed high..
Commercial weather forecasts are pointing to hot weather continuing to grip the US over the next five days, particularly in the Northeast and Midwest. This will continue to support power sector gas demand this week, with burn expected to be up by 0.5 bcf/d w/w at nearly 36 bcf/d...
Please note that we will not publish an August edition of North America Outlook. The monthly schedule will resume as normal in September. The last month has seen Henry prices largely stuck in range (around 3 $/mmbtu). Adding to the sense of stability, EIA production numbers saw little change, wh..
US exports to Mexico averaged 4.06 bcf/d in May, higher by 12% y/y. For June, exports were 4.04 bcf/d, higher by 0.33 bcf/d y/y. So far in July, these flows are averaging 4.2 bcf/d, higher by 0.44 bcf/d y/y as the cooling season kicks into top gear. While y/y growth is still sizeable, pipeline fl..
Canadian net exports to the US averaged 5.68 bcf/d in June, lower by 13% y/y, partly due to cooler US weather y/y denting demand and thus lessening the need for Canadian volumes. Over H1 17, net exports to the US are down by around 7% y/y. June saw a host of disruptions to Western Canadian Sedim..